Skincare startup Deconstruct raises Rs 65 crore from VC fund L’Oréal BOLD, V3 Ventures, DSG Consumer Partners

Skincare brand Deconstruct, on Wednesday said it has raised Rs 65 crore in a funding round from L'Oréal's VC fund BOLD, V3 Ventures and DSG Consumer Partners. Existing investors Kalaari Capital and Beenext also participated in the round, the company said in a statement. The investment will fuel Deconstruct's expansion in many strategic areas, accelerate product innovation, enter new segments and improve the distribution network by increasing presence in fast-moving social networks that improve accessibility across the country, it added. "This past year, we've helped 2 crore startups start their skin care journey, in far-flung places. This funding empowers us to focus on creating products that are highly effective yet gentle," said Deconstruct Founder Malini Adapureddy. 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